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‘Writing on the wall’ for open-ended property funds as M&G closes once popular product
Thursday 26 Oct 2023In what will seem like yet another case of déjà vu for property investors, one of the biggest open-ended funds in the market has decided to suspend dealing in its shares and shut up shop. This move brings into question the future of this type of property fund given the inherent structural problems...
Tesla investors left sweating over scope for margins recovery
Thursday 26 Oct 2023Tesla (TSLA:NASDAQ) is facing a stiff challenge to repair profitability as multiple price cuts this year threaten to leave a lasting mark on margins and the share price. At the start of October (2 October) Tesla unveiled another round of discounts in the US, the seventh time this year that the...
Netflix ‘turnaround complete’ as cash flow soars in the third quarter
Thursday 26 Oct 2023An impressive set of Netflix (NFLX:NASDAQ) third quarter earnings has helped get the share price moving again as it creates optimism in the market that the company is getting the balance right between growing its subscriber base and delivering profit and cash. The company’s cash flow was a stand-...
Big medical breakthrough drives huge gains in Oxford Biodynamics shares
Thursday 26 Oct 2023Biotechnology company Oxford Biodynamics ( OBD:AIM ) has seen its shares go up three-fold in the last month driven by positive news flow. The company, which is developing precision medical tests based on its proprietary EpiSwitch3D genomics platform, announced earlier than expected validation of...
Why global bond yields continue to shoot up and what it means
Thursday 26 Oct 2023After two consecutive years of losses (prices move in the opposite direction to yields) bond investors were relatively optimistic at the start of 2023. Sadly, that optimism was misplaced with the real prospect of an historic third consecutive year of losses in the cards. Since the US 10-year...
Rightmove shares endure a big hit as US real estate giant CoStar agrees OnTheMarket deal
Thursday 26 Oct 2023Shares in property listings site Rightmove ( RMV ) have taken a battering since US real estate giant CoStar (CSGP:NYSE) announced a £99 million all-cash offer for rival OnTheMarket ( OTMP:AIM ) . The US real estate giant intends to turn OnTheMarket into a ‘market leader’ which could put pressure on...
Margins may hold the key to PayPal recovery
Thursday 26 Oct 2023If global lockdowns were a win for PayPal (PYPL:NASDAQ) , reopening has been a catastrophe. Since peaking at near-$310 in July 2021, shares in the digital payments platform have sunk to levels not seen since 2017, a staggering fall from grace. Underwhelming margins have been analysts’ chief worry...
Grocery chain Sainsbury’s needs to deliver on earnings and guidance
Thursday 26 Oct 2023Interestingly, as we head into supermarket chain Sainsbury’s ( SBRY ) first-half results on 2 November, the group’s shares are trading just above their lows of the last six months. In contrast, shares in grocery market leader Tesco ( TSCO ) are trading just below their high for the year after the...
Why investors are excited about upcoming big tech results
Thursday 19 Oct 2023The next set of quarterly earnings from mega cap technology companies including key members of the so-called ‘Magnificent Seven’ could have a major influence on the direction of markets heading into the final months of 2023. Investors will be hoping these tech titans have maintained their positive...
Hipgnosis Songs Fund at all-time low ahead of big vote on 26 October
Thursday 19 Oct 2023Shares in music royalty firm Hipgnosis Songs Fund (SONG) have suffered a dramatic fall from grace, now trading at an all-time low of 66p. Its future is in the hands of shareholders who will vote on 26 October on whether the investment trust should continue or be wound up. Having angered...